This property looks like a bad Airbnb investment with a projected -18.44% first-year return on $138k initial cash invested.
-18.44%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$3,193
Rent
-$2,119
Cashflow
Cash Flow
$3,193 income − $5,312 expenses = $2,119 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,708
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,193
Total Expenses
$5,312
Mortgage P&I
90%
$2,860
Property Taxes
22%
$713
Home Insurance
6%
$206
HOA
0%
$0
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$798